Virtual Accounting: Digitisation – Page 2

FA – May 2012 – L1 – SA – Q36 – Virtual Accounting

Identifying the physical component of a computer.

Question

The physical component of a computer is called……………………….

Answer

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Tags: Computer Hardware, Physical Component
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2012

FA – May 2012 – L1 – SA – Q33 – Virtual Accounting

Identifying a collection of related data available for use by accounting packages.

Question

A collection or pool of related data which is available for use by any number of application and accounting packages is ……………………….

Answer

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Tags: Accounting Packages, Data collection, Virtual Accounting
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2012

FA – Nov 2011 – L1 – SA – Q19 – Virtual Accounting: Digitisation

This question asks about the software used by every user for a specific operation.

Question

The computer software used by every user for a specific operation is called?

Answer

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Tags: Application Software, Software Systems
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2011

FA – Nov 2011 – L1 – SA – Q2 – Virtual Accounting: Digitisation

This question asks about the built-in safety measure in an accounting spreadsheet that allows for reversals of recent actions.

Question

What is the built-in safety measure in any accounting spreadsheet package that allows for the reversal of most recent actions which returns the worksheet to its previous state?

Answer

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Tags: Accounting Software, Reversal
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2011

FA – Nov 2011 – L1 – SA – Q1 – Virtual Accounting: Digitisation

This question asks about the element of the worksheet in an accounting package that allows graphical presentation.

Question

What is the element of the worksheet in the accounting package that allows for the presentation of information in graphical form?

Answer

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Tags: Accounting Software, Graphical Presentation
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2011

FA – Nov 2011 – L1 – SA – Q11 – Virtual Accounting: Digitisation

This question asks about the default view when Microsoft Excel is started.

Question

Which page opens up when Microsoft Excel is started on a microcomputer?
A. Worksheet
B. Template
C. Spreadsheet
D. Workbook
E. Command sheet

Answer

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Tags: Microsoft Excel, Spreadsheets
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2011

FA – Nov 2011 – L1 – SA – Q10 – Virtual Accounting

This question asks which term describes a collection of software packages used in financial management.

Question

The collection of application packages used in the management of business finances and presentation of financial information is called
A. SuperCalc
B. Peachtree
C. Spreadsheet
D. Microsoft Excel
E. Lotus 123

Answer

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Tags: Accounting Software, Financial Management Software
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2011

FA – May 2013 – L1 – SA – Q38 – Virtual Accounting: Digitisation

This question tests knowledge of integrated accounting software.

Question

An integrated accounting software is one of the examples of:

Answer

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Tags: Accounting Software, Integrated Systems
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2013

FA – May 2013 – L1 – SA – Q28 – Virtual Accounting: Digitisation

This question is about the definition of a collection or pool of related data.

Question

A collection or pool of related data which is available for use by any number of application packages, including accounting packages, is called:

Answer

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Tags: Accounting Systems, Data
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2013

FA – May 2013 – L1 – SA – Q17 – Virtual Accounting

This question involves identifying the task most suitable for a spreadsheet.

Question

A spreadsheet is most suitable for which of the following tasks?

A. Posting of double-entry transactions in the general ledger
B. Preparing a budget
C. Preparing letters to sales agents
D. Maintaining an audit trail of transactions
E. Making presentations during a training programme

Answer

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Tags: Budgeting, Spreadsheet
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2013

FA – Nov 2013 – L1 – SA – Q26 – Virtual Accounting – Digitisation

Understanding the term for linked accounting modules in software.

Question

An application package in which the accounting modules are linked together, so that data entered in one module will automatically, or at users’ command, update affected or related modules is called ____________.

Answer

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Tags: Accounting Software, Automation, Integrated Systems
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2013

FA – Nov 2013 – L1 – SA – Q9 – Virtual Accounting

Identifying programs that facilitate computer hardware usage.

Question

The suite of programs that facilitate the optimal use of the computer hardware and provide a suitable environment for the running of user programs is called:

A. Application packages
B. Word processing programs
C. Systems programs
D. Accounting packages
E. Executive programs

Answer

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Tags: Accounting Software, Computer Systems, Information Technology
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: NOV 2013

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

Question

Briefly explain the impact of digital technologies on accounting systems, focusing on machine learning and artificial intelligence, data analytics, mobile accounting, and specialized accounting software. (10 Marks)

Answer

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Tags: Accounting Systems, AI, Data Analytics, Digital Technologies, Machine Learning, Mobile Accounting
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2024

FA – May 2024 – L1 – SA – Q14 – Virtual Accounting: Digitisation

Describes the correct term for saving a PDF invoice in the cloud.

Question

Which of the following best describes saving a PDF invoice in the cloud?

A. Data
B. Digitalisation
C. Storage
D. Safekeeping
E. Documentation

Answer

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Tags: Cloud Storage, Data Management, Digitalisation
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2024

FA – May 2024 – L1 – SA – Q8 -Virtual Accounting: Digitisation

Defines digitisation in the context of accounting.

Question

Which of the following best describes the concept of digitisation in accounting?

A. Digitisation is the process of converting digital files into physical formats for easier storage and retrieval.
B. Digitisation refers to the use of digital technologies to create invoices and receipts.
C. Digitisation involves converting physical accounting records, such as invoices and receipts, into a computer-readable format using digital technologies.
D. Digitisation is the practice of manually entering accounting data into a computer system to ensure accuracy.
E. Accounting digitisation is solely focused on minimising human involvement in financial processes to increase efficiency.

Answer

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Tags: Accounting Technology, Digital Records, Digitisation
Level: Level 1

Topic: Virtual Accounting: Digitisation
Series: MAY 2024

Topic: Virtual Accounting: Digitisation

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FA – May 2012 – L1 – SA – Q36 – Virtual Accounting

Identifying the physical component of a computer.

FA – May 2012 – L1 – SA – Q33 – Virtual Accounting

Identifying a collection of related data available for use by accounting packages.

FA – Nov 2011 – L1 – SA – Q19 – Virtual Accounting: Digitisation

This question asks about the software used by every user for a specific operation.

FA – Nov 2011 – L1 – SA – Q2 – Virtual Accounting: Digitisation

This question asks about the built-in safety measure in an accounting spreadsheet that allows for reversals of recent actions.

FA – Nov 2011 – L1 – SA – Q1 – Virtual Accounting: Digitisation

This question asks about the element of the worksheet in an accounting package that allows graphical presentation.

FA – Nov 2011 – L1 – SA – Q11 – Virtual Accounting: Digitisation

This question asks about the default view when Microsoft Excel is started.

FA – Nov 2011 – L1 – SA – Q10 – Virtual Accounting

This question asks which term describes a collection of software packages used in financial management.

FA – May 2013 – L1 – SA – Q38 – Virtual Accounting: Digitisation

This question tests knowledge of integrated accounting software.

FA – May 2013 – L1 – SA – Q28 – Virtual Accounting: Digitisation

This question is about the definition of a collection or pool of related data.

FA – May 2013 – L1 – SA – Q17 – Virtual Accounting

This question involves identifying the task most suitable for a spreadsheet.

FA – Nov 2013 – L1 – SA – Q26 – Virtual Accounting – Digitisation

Understanding the term for linked accounting modules in software.

FA – Nov 2013 – L1 – SA – Q9 – Virtual Accounting

Identifying programs that facilitate computer hardware usage.

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

FA – May 2024 – L1 – SA – Q14 – Virtual Accounting: Digitisation

Describes the correct term for saving a PDF invoice in the cloud.

FA – May 2024 – L1 – SA – Q8 -Virtual Accounting: Digitisation

Defines digitisation in the context of accounting.

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Topic: Virtual Accounting: Digitisation

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FA – May 2012 – L1 – SA – Q36 – Virtual Accounting

Identifying the physical component of a computer.

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FA – May 2012 – L1 – SA – Q33 – Virtual Accounting

Identifying a collection of related data available for use by accounting packages.

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FA – Nov 2011 – L1 – SA – Q19 – Virtual Accounting: Digitisation

This question asks about the software used by every user for a specific operation.

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FA – Nov 2011 – L1 – SA – Q2 – Virtual Accounting: Digitisation

This question asks about the built-in safety measure in an accounting spreadsheet that allows for reversals of recent actions.

You're reporting an error for "FA – Nov 2011 – L1 – SA – Q2 – Virtual Accounting: Digitisation"

FA – Nov 2011 – L1 – SA – Q1 – Virtual Accounting: Digitisation

This question asks about the element of the worksheet in an accounting package that allows graphical presentation.

You're reporting an error for "FA – Nov 2011 – L1 – SA – Q1 – Virtual Accounting: Digitisation"

FA – Nov 2011 – L1 – SA – Q11 – Virtual Accounting: Digitisation

This question asks about the default view when Microsoft Excel is started.

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FA – Nov 2011 – L1 – SA – Q10 – Virtual Accounting

This question asks which term describes a collection of software packages used in financial management.

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FA – May 2013 – L1 – SA – Q38 – Virtual Accounting: Digitisation

This question tests knowledge of integrated accounting software.

You're reporting an error for "FA – May 2013 – L1 – SA – Q38 – Virtual Accounting: Digitisation"

FA – May 2013 – L1 – SA – Q28 – Virtual Accounting: Digitisation

This question is about the definition of a collection or pool of related data.

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FA – May 2013 – L1 – SA – Q17 – Virtual Accounting

This question involves identifying the task most suitable for a spreadsheet.

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FA – Nov 2013 – L1 – SA – Q26 – Virtual Accounting – Digitisation

Understanding the term for linked accounting modules in software.

You're reporting an error for "FA – Nov 2013 – L1 – SA – Q26 – Virtual Accounting – Digitisation"

FA – Nov 2013 – L1 – SA – Q9 – Virtual Accounting

Identifying programs that facilitate computer hardware usage.

You're reporting an error for "FA – Nov 2013 – L1 – SA – Q9 – Virtual Accounting"

FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation

Explains the impact of machine learning, AI, data analytics, mobile accounting, and specialized accounting software on accounting systems.

You're reporting an error for "FA – May 2024 – L1 – SB – Q1b – Virtual Accounting: Digitisation"

FA – May 2024 – L1 – SA – Q14 – Virtual Accounting: Digitisation

Describes the correct term for saving a PDF invoice in the cloud.

You're reporting an error for "FA – May 2024 – L1 – SA – Q14 – Virtual Accounting: Digitisation"

FA – May 2024 – L1 – SA – Q8 -Virtual Accounting: Digitisation

Defines digitisation in the context of accounting.

You're reporting an error for "FA – May 2024 – L1 – SA – Q8 -Virtual Accounting: Digitisation"

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